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A comment on Many Bitcoin Miners Are at Risk of Turning Unprofitable. Parent comment

Re:Many Bitcoin Miners Are at Risk of Turning Unprofitable by friesen on Wednesday April 18, 2018 @09:39AM (#16867271)
You can make things with gold.
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Re:Many Bitcoin Miners Are at Risk of Turning Unprofitable by mkagenius on Wednesday April 18, 2018 @09:43AM (#16867296)
You can buy gold with bitcoins. We should be aware of any unstable direct effect caused by bitcoins/gold no matter how useful the end product is.
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Re:Many Bitcoin Miners Are at Risk of Turning Unprofitable by hinkley on Wednesday April 18, 2018 @12:19PM (#16868586)
But gold has a use other than for trade.

If a bitcoin replacement were built on, say, folding proteins, then the information gathered has a benefit that outlasts the value of the currency.

Bitcoin only accomplishes two things: burn dinosaurs and slowly erode the usefulness of SHA2.

Maybe it improves the situation for ASIC manufacturers? I dunno. But gold improves the situation of wheelbarrow and shovel manufacturers just as much.

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Re:Many Bitcoin Miners Are at Risk of Turning Unprofitable by VMG on Wednesday April 18, 2018 @04:21PM (#16870807)
Most of it sits in vaults.
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